Understanding the Annual Percentage Rate (APR) and What It Really Means In Real Estate
Posted on May 31, 2008 - Filed Under Finance | Leave a Comment
Sternberg brings a “buyers first” view and expertise after 30+ years as a real estate investor. This article is a must read for any one seeking to understand the APR and how it relates to real estate.
The annual percentage rate (APR) gives you the yearly cost of a mortgage in the form of a percentage. The rate calculations include interest, mortgage insurance, and the origination fee (points).
The APR has two main purposes.
1. it allows borrowers to compare loan programs from different lenders so they can see which program is the cheapest.
The Basics of FHA Real Estate Mortgages for Investors
Posted on May 3, 2008 - Filed Under Finance | Leave a Comment
Sternberg brings his “buyers” expertise after 30+ years as a real estate investor. This article is a must read for any investor dealing with the potential of FHA buyers and sellers.
As an investor, it’s important to know the details of HUD/FHA programs so you can deal effectively with buyers and sellers, particularly in the area of foreclosures. Owner-occupants have first choice on these properties, but when repossessed properties don’t sell, you can pick up some real bargains. So, my advice is to study the basic information I provide in this article, and then gain as much knowledge as possible from the HUD/FHA web sites. That way, when opportunities do arise, you’ll be ready to seize them. Basic Information on FHA The Federal Housing Administration (FHA) is part of the Department of Housing and Urban Development (HUD).